By now, you’ve probably heard that Amazon founder Jeff Bezos is the second richest person in the world. With a net worth of over $150 billion, he’s worth more than Mark Zuckerberg and Jim Walton combined.
But just how much money does he make?
Let’s take a look.
How Much Does Jeff Bezos Make a Day?
(MarketWatch) (MarketRealist)
Based on his baseline wage of $81,840, which has remained unchanged since 1998, Jeff Bezos’s wealth gets bigger by $314.77 per day, $1,573 per week, and $6,820 per month.
However, the creator of Amazon is earning $1.6 million per year in other compensation. In other words, his annual salary stands at $1.7 million, which means he makes approximately $4,700 per day, $390 per hour, and $6.56 per minute.
Interesting Stats and Facts About Jeff Bezos’ Earnings
Here are some curious facts about how Jeff Bezos earns and spends his money.
1. The net worth of Jeff Bezos amounts to a staggering $151.9 billion.
(Forbes)
At the age of 58, Bezos has managed to become one of the world’s richest billionaires (right after Elon Musk).
In 2021 alone, he sold $8.8 billion worth of his Amazon stock. Bezos also owns The Washington Post and Blue Origin, and he is one of the prominent investors in an investment company called Arrived Homes.
2. Every minute, Jeff Bezos earns about $150,000 through Amazon’s revenue.
(SBXL)
That’s $9 million per hour or $216 million per day. To put this into perspective, this is three times the median wage of most American workers. For example, to reach Jeff Bezos’s hourly pay in revenue, you’d have to work 24 hours a day, seven days a week, for 68 years.
3. From 2013 to 2018, Jeff Bezos paid a tax rate of 23.2%, far lower than the top income tax rate of 37% that applies to high-earning Americans.
(Gizmodo) (Fatherly)
The wealthiest tech billionaires know how to avoid paying taxes legally. Namely, they are taking advantage of deductions by giving money to charity via their stock holdings. This way, they can deduct the stock at its current market value without being taxed on the capital gains.
So, does Jeff Bezos pay taxes? Yes, but his effective tax rate is significantly lower than most people’s. From 2014–2018, Bezos’ average tax rate was 0.98%. In 2007, he paid no federal income taxes at all.
4. In 2021, Jeff Bezos made $2,537 per second.
(YourHop)
However, if we calculate his income based on just his salary ($81,840), his per second income will stand at just $0.10. That’s a real trifle compared to Elon Musk, who makes $375 per second.
5. As part of their divorce agreement, Bezos transferred 19.7 million shares to his ex-wife, MacKenzie Scott.
(Forbes) (Town&Country)
Jeff Bezos’ ex-wife’s net worth is estimated at $43.6 billion, making her the 30th wealthiest woman in the world. After her divorce from Bezos in 2019, MacKenzie Scott dedicated her life to charity and made a promise to give away the bulk of her money.
In March 2022, she boasted that in the last nine months, she’d given more than $3 billion to 465 nonprofit organizations. Her total charitable donations have now amounted to more than $12 billion in just three years’ time.
6. In 2021, Bezos made $1.75 billion per week.
(Sportskeeda)
Jeff Bezos’ net worth in 2021 amounted to $197 billion, which means he earned about $250 million per day or $1.75 billion per week. In the same year, he stepped down as Amazon’s CEO so that he could focus on other projects at the company, like his rocket venture Blue Origin.
7. Jeff Bezos’ primary source of income is his Amazon shares.
(Nasdaq) (Forbes)
Bezos owns about 13% of Amazon shares. The company’s market cap currently amounts to $1.299 trillion, while its share price stands at $127.51 (at the time of writing). On that note, since 1997, Bezos managed to sell almost $27 billion worth of shares.
8. Amazon’s daily revenue amounts to over $638 million.
(Algrim)
How much does Amazon make a day? More than $638 million, which is between $26.6 million and $27 million per hour, $443,000 per minute, and $7,300 per second.
Amazon makes most of its money during Prime Day. For example, in 2021, consumers spent about $11.2 billion on Amazon products during Prime Day.
9. Bezos started Amazon by borrowing $300,000 from his parents and his bank account.
(The Washington Post)
Why is Jeff Bezos so rich? He made an intelligent investment using a $300,000 loan. In addition to that, he managed to raise $1 million from 20 local investors.
Amazon established itself well in the beginning, processing $12,438 worth of purchases in its first week. Amazon saw a 3000% sales growth in 1996 (compared to the previous year), ending the year with $15.7 million in total sales.
10. Jef Bezos’ first job was at McDonald’s, where he earned $3.68 per hour.
(Misbar) (Entrepreneur)
Jeff Bezos’ salary at McDonald’s is nothing compared to his current hourly salary of $390. In fact, in 2020, Bezos was worth more than McDonald’s. Namely, his fortune topped $186 billion, exceeding the market value of McDonald’s ($143 billion), Costco ($145 billion), and Nike ($122 billion).
Conclusion
As you can see, Jeff Bezos is a self-made billionaire who started from humble beginnings. He’s now one of the richest people in the world, with a net worth of $162.7 billion.
While his main source of income is Amazon, he also has other business ventures, like Blue Origin and The Washington Post.
What’s even more impressive is that his net worth is likely to continue to grow in the years to come.
FAQs
How much does Jeff Bezos make in an hour?
Bezos makes about $390 per hour based on his $1.7 million annual income, which includes a base salary of $81,840 and additional pay of $1.6 million per year.
How much Jeff Bezos makes a second?
Again, based on his base salary of $81,840, Bezos makes $0.10 per second. However, he likely makes closer to $2,537 per second with his stock options and other investments.
How rich is Jeff Bezos?
As of August 2022, his net worth was an estimated $151.9 billion, while his annual salary amounts to $1.7 million. In other words, Jeff Bezos’ wealth is greater than the combined GDP of Luxembourg ($86.71 billion) and Uruguay ($59.32 billion).
Furthermore, his daily income exceeds the average monthly salary in Oslo, Norway ($3,600). How much does Jeff Bezos make a day? About $4,700.
